$BTC (Bitcoin) 🚀 New Local Maximum confirmed
We are breaking resistances - $81,563.34
📈 Signal: New Local Maximum (20 periods) - buyers in full control
What changes now:
Before, we had $77k with 68% of the supply in profit = $47B to absorb (Glassnode 03/09). BTC cleared this first barrier and now targets the second: 1.05M BTC stuck between $83k-$86k (holders who held through the entire drop).
Market Cap: $1.55T | +2.58% 24h
If it closes above $81.5k, it confirms an expansion of the long-term trend.
Next targets:
Resistance 1: $83k-$86k (LTH breakeven zone)
Resistance 2: $89.7k (implied options ceiling for 25/09 - $14B in open interest)
Support: $77,381 (where the recent 600k BTC in profit were absorbed)
Be careful with the macro still: Jobs 04/09, CPI 11/09, FOMC 15-16/09 and oil at $95 with yields at 4.8% can slow things down if they come in hot. ETFs were outflows of $236M this week; they need to start flowing back in to sustain above $80k.
#BTC #Bitcoin #NewLocalMaximum #Breakout #81563 #OnChain #ETFs
⚠️ DISCLAIMER: New local maximum over 20 periods indicates strength, but does not guarantee continuation. BTC with a large profitable supply above. High volatility with macro events in September. Manage your risk. Not investment advice.
We are breaking resistances - $81,563.34
📈 Signal: New Local Maximum (20 periods) - buyers in full control
What changes now:
Before, we had $77k with 68% of the supply in profit = $47B to absorb (Glassnode 03/09). BTC cleared this first barrier and now targets the second: 1.05M BTC stuck between $83k-$86k (holders who held through the entire drop).
Market Cap: $1.55T | +2.58% 24h
If it closes above $81.5k, it confirms an expansion of the long-term trend.
Next targets:
Resistance 1: $83k-$86k (LTH breakeven zone)
Resistance 2: $89.7k (implied options ceiling for 25/09 - $14B in open interest)
Support: $77,381 (where the recent 600k BTC in profit were absorbed)
Be careful with the macro still: Jobs 04/09, CPI 11/09, FOMC 15-16/09 and oil at $95 with yields at 4.8% can slow things down if they come in hot. ETFs were outflows of $236M this week; they need to start flowing back in to sustain above $80k.
#BTC #Bitcoin #NewLocalMaximum #Breakout #81563 #OnChain #ETFs
⚠️ DISCLAIMER: New local maximum over 20 periods indicates strength, but does not guarantee continuation. BTC with a large profitable supply above. High volatility with macro events in September. Manage your risk. Not investment advice.